Weekly Freight Recap: 15/08/24
Aug 15, 2024
PANAMAX
Atlantic: The Panamax market saw continued rate declines this week, driven by limited demand and cautious sentiment across the Atlantic. The market showed a split between mineral and grain routes. While there was some support for early September South American arrivals, the overall outlook remains weak, with further rate corrections expected.
Pacific: In the Pacific, demand showed modest improvement, particularly for Japan-bound trips. However, ongoing pressure from a weak coal market, especially in China, kept rates under strain. Despite some fresh support, uncertainty persists, leading to continued rate adjustments.
SUPRAMAX
Atlantic: The Supramax market remained subdued with limited fresh activity. In the US Gulf, earlier gains have stalled, and the South Atlantic stayed stable with little change in rates. The Continent-Mediterranean routes lacked momentum, and overall market sentiment remained cautious.
Pacific: The Pacific Supramax market showed slight stabilization, with increased inquiries and firmer rate discussions. However, overall activity was still limited, and the balance between supply and demand resulted in minimal rate movement.
HANDYSIZE
Atlantic: The Handysize market showed some stability, particularly in the Continent-Mediterranean region, where rates improved slightly despite limited activity. In the South Atlantic, the market may have found a floor, but overall activity remained low.
Pacific: The Pacific Handysize market remained quiet, with little new information or significant rate changes. The market stayed balanced, with demand and supply in equilibrium, leading to minimal movement.
Weekly Recaps
Commodities
Agri- Commodities:
9-13/6/25 Agri
Jun 16, 2025
Grain markets were pulled in opposing directions throughout Week 24, as favorable crop prospects, geopolitical shocks, and U.S. policy developments generated volatile trading. The week opened with a sharp sell-off in corn and wheat, as improved U.S. crop conditions and benign weather forecasts reinforced expectations of ample supplies. Corn and wheat both fell more than 2% on Monday, effectively wiping out prior gains. U.S. crop ratings surprised to the upside, with corn at 71% good to excellent and soybeans at 68%. Concurrently, stronger forecasts for Russian and Romanian wheat harvests added further pressure, while China’s surging soybean imports – largely sourced from Brazil – highlighted its continued pivot away from U.S. origin.
Freight
Freight Recap:
12/06/25
Jun 12, 2025
The Panamax Atlantic market strengthened further, particularly in the North where limited tonnage availability led owners to raise offers.
Commodities
Agri- Commodities:
2-6/6/25 Agri
Jun 09, 2025
Grain markets opened June on a mixed footing, with wheat futures initially rallying on renewed geopolitical fears following escalations between Ukraine and Russia. However, the rally soon fizzled as U.S. crop progress data turned sentiment more bearish. Spring and winter wheat condition ratings exceeded expectations, with plantings and harvests advancing steadily. Meanwhile, USDA export inspections showed strong corn loadings, but soybeans and wheat lagged.
Freight
Freight Recap:
05/06/25
Jun 05, 2025
The Panamax Atlantic market showed signs of a strong rebound, especially in both the North and South where firmer bids and tightening tonnage contributed to rising sentiment. Fixtures suggested that some charterers may have overplayed their hand, triggering a jump in rates
